Blockchain.com, much more than an exchange! – At the start of 2022, the Blockchain.com exchange hosted the former director of walmart, Tom Horton in his teams. The financial services and crypto exchange company is showing a certain prosperity, which is obviously not about to stop on such a good path thanks to the launch of BCAM!
First, just a week ago, Blockchain.com completed a funding round that allowed it to multiply its valuation by 2.7. Indeed, this funding round led by Lightspeed Venture Partners pushed the valuation of Blockchain.com from $5.2 billion to $14 billion.
As a reminder, Blockchain.com was launched in 2011 and today provides a full range of blockchain-based financial services, making this company one of the largest crypto companies in the world. According to company data, it has 37 million users verified and counts more than 1 trillion dollars of transaction value to its assets.
Furthermore, at the end of March 2022, Blockchain.com offered itself Altonomy OTC Desk, an over-the-counter trading firm specializing in digital assets. This acquisition should enable it to attract larger investors such as institutional investors. And this attraction should be amplified with its new service: the Blockchain.com Asset Management (BCAM).
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On April 6, 2022, Blockchain.com announced the creation of a new service intended to expand its institutional product offerings. This service called BCAM created in partnership with the portfolio manager of futures contracts, Altis Partnerswill offer a range of products to institutional investors.
Furthermore, this new service will be based on a strategy that follows the price of Bitcoin (BTC) against the USD price. In addition, it creates a new approach for investors, intended to reduce volatility investments in BTC.
In addition, BCAM will soon offer a product that manages exposure to decentralized finance (DeFi) tokens. According to the Chief Strategy Officer of Blockchain.com, Charlie McGarraughthe company should double its institutional activities with the launch of BCAM.
The launch of BCAM by Blockchain.com is timely! Indeed, this year institutional investors are increasingly beginning to position favorably on certain cryptocurrencies. Capital arrives and fundraising is daily.
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